Global Market Commentary, Analysis and Investments
What the market giveth, the state rises to taketh away.
One of the more striking features of this whole modern spectacle must surely be the stark contrast between the state and the free markets that exist stubbornly, gloriously, in spite of its best efforts. Wherever evidence presents itself, it appears to do so with the sole purpose of expressing this juxtaposition in ever-higher relief.
[Read more...]First up, a quick public service announcement for our International Reckoners:
If you’re planning a vacation to the United States of America in the foreseeable future, you would do well to refrain from employing any confusing colloquialisms in your social media updates prior to departure.
[Read more...]Here’s a meaningless abstraction for you, Fellow Reckoner. You ready?
US GDP grew at an annualized rate of 1.7% for 2011.
Now, what does that sentence actually tell us? What does it reveal about life or the quality of it; about the long arc of history and where we are along it; about the Heavens above us, the Hells below and our place in the present somewhere in between? What useful piece of information does this arrangement of letters and numbers divulge that has this morning’s news wires so abuzz with excitement?
[Read more...]Anything happen in the markets yesterday? To tell the truth, we forgot to check. Let’s have a look now, then…
Dow up by 80-something points. A barrel of the world’s currently-preferred energy sits pretty at $100, on the nose. Nothing much, in other words.
Ooh…but here’s something: “Gold extends post-Fed rally to 6-week high.” MarketWatch has the story…
[Read more...]We can see them there, huddled under cover of night, assembled in the darkened corners of dimly-lit bars, conversing in hushed tones, eyes darting nervously, wondering who among them might turn coat. Which man here conceals a Ministry badge? Do I hide one myself? Dare I even ask?
How their hands do tremble. How their voices quiver, knowing that a second of free expression might cost the author his life. How shall we ever find our way home again, to the land of the free?
[Read more...]Reporting from Buenos Aires, Argentina…
“…it was the age of wisdom, it was the age of foolishness…”
~ C. Dickens, 1859.
When we hear people talk about the “tale of two economies,” we expect to find them referring to the Wall Street vs. Main Street match up. An important one, to be sure. Or maybe they’re comparing the economies of two different countries or regions; one healthy, the other moribund. The “developed vs. developing” comparison, for example, is a common one. Or maybe it’s private vs. public, that raging debate between the forces of capitalistic enterprise and socialistic control. The main problem with the latter being, as history has shown, that you eventually run out of the former.
[Read more...]Joel Bowman, reporting from Buenos Aires, Argentina…
It’s all happening today, Fellow Reckoner. Gold, stocks, oil…all have rallied to important highs. That’s what the papers say anyway, so it must be true.
Gold has “reclaimed the rally,” reported one outfit. The Midas Metal was trading for around $1,634 an ounce last we checked, up $24 in as many hours.
[Read more...]Joel Bowman, reporting from Buenos Aires, Argentina…
It’s all happening today, Fellow Reckoner. Gold, stocks, oil…all have rallied to important highs. That’s what the papers say anyway, so it must be true.
Gold has “reclaimed the rally,” reported one outfit. The Midas Metal was trading for around $1,634 an ounce last we checked, up $24 in as many hours.
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Why Personal Privacy is Now Public Enemy #1
Yes…he’s probably listening…
We’d prefer to invite you to a quieter place, Fellow Reckoner…somewhere we could talk in private. A speakeasy, perhaps. Somewhere off the radar. Alas, that’s becoming increasingly difficult.
[Read more...]